Private Equity, Venture Capital and Private Credit - What's Next?

The write-downs have begun in places like venture capital. I think that they will very much begin to accelerate and show up more in the buy-out space over the course of the coming months. Jared reminded us to focus on quality and maybe think a little bit about adding back some duration into portfolios. When it comes to public equities, we like the US,. We like the higher quality nature and earnings are very much going to determine what happens from an overall rate of return perspective. In the liquid alts, thinking about hedge funds and infrastructure seem interesting, particularly for long term investors. And then in the financial alts there is perhaps a near run opportunity in private credit which we think